AMP and AXA complete due diligence
AMP Limited’s acquisition of AXA Asia Pacific Holdings has passed another hurdle with both companies announcing to the Australian Securities Exchange (ASX) that they had “satisfactorily completed reciprocal confirmatory due diligence”.
The companies pointed out that further hurdles remained to be crossed including shareholder and court approvals, regulatory approvals and sign-off by the Federal Treasurer.
It said it was expected the transaction would be put to AXA AP minority shareholders for their approval by the end of the first quarter of next year.
AUTHOR
Mike Taylor
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